The myth of fingerprints: Maturity in compliance

Fingerprints are unique to each individual. Likewise, every company is unique. However, the need for every lender to maintain effective management and control is the same across the board. Every financial institution is in the same boat, whether or not you think the CFPB will examine you and whether or not you feel your organization is subject to the bureau’s oversight. (Yes, they can and will regulate any company coming between a consumer and its money.) 

 
What are you doing to address this issue? Are you prepared to handle the scrutiny that may be headed your way? Read more.

 

Compliance Management, Consumer Financial Protection Bureau, Federal Regulatory